Machine Tool Electrician salary in Iceland

Average Yearly Salary of Machine Tool Electrician in Iceland is approximately 8,058,920 ISK (56,317 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Machine Tool Electrician do?

A machine tool electrician is a skilled professional responsible for installing, maintaining, and repairing electrical systems in machine tools used in manufacturing processes. They work with a variety of equipment such as lathes, milling machines, grinders, and CNC machines. Their primary tasks include reading and interpreting electrical schematics, troubleshooting electrical issues, replacing faulty components, and ensuring the proper functioning of electrical systems to maximize machine performance. Machine tool electricians are required to have a strong understanding of electrical principles, knowledge of safety protocols, and proficiency in using various tools and testing equipment. They must possess excellent problem-solving skills to diagnose and rectify electrical problems efficiently. Attention to detail and adherence to industry standards are crucial to ensure the safe operation of machinery.

Skills: Machine Tool Electrician, Electrical Systems, Equipment Maintenance, Troubleshooting, Electrical Repairs, Manufacturing Industry
Job industry: Manufacturing

How much does Machine Tool Electrician make?

Difference in salary year over year or average salary increase is approximately 4 %


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Salary comparison to National average

Is Machine Tool Electrician a well paid job?

Yes, our data show that Machine Tool Electrician is an averagely well paid job that still allows for some yearly savings. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Machine Tool Electrician?

High salary for Machine Tool Electrician would be somewhere between 8,864,812 ISK and 11,685,434 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Machine Tool Electrician in Iceland?

Living in Iceland the approximate monthly expenses are: 2,729 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 8,058,920 ISK
Estimated Monthly Salary: 671,577 ISK
Estimated Weekly Salary: 154,979 ISK per week
Estimated Hourly Salary: 3,874 ISK per hour
By working as Machine Tool Electrician a person can save up to 1,964 USD per month or 23,571 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in Iceland, see costs of living in Iceland.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Norway, Faroe Islands, United Kingdom.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Machine Tool Electrician

Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

0 years (beginner) equals base salary

1 to 5 years of experience yields +12% salary increase

6 to 10 years of experience yields +25% salary increase

11 to 15 years of experience yields +16% salary increase

16 to 25 years of experience yields +9% salary increase

more than 25 years of experience yields +10% salary increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

Top 10 highest salaries in Iceland

Data as of 2025

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